Which of the Following Statements Is FALSE

question 208

Multiple Choice

Which of the following statements is FALSE?

• A) The rationing function of prices is not allowed to freely operate when the government imposes price controls.
• B) Price controls may take the form of price ceilings or price floors.
• C) Price ceilings below the equilibrium price can cause black markets to develop.
• D) Rent controls are examples of price floors.

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Definitions:

Macro Strategy

High-level approaches and objectives focused on overall goals and financial performance of an organization or economy.

Operational Excellence

Involves a firm’s focus on efficient operations and excellent supply chain management.

Market Share

The percentage of an industry's sales that a particular company secures over a specific time period.

Boston Consulting Group (BCG)

A global management consulting firm known for its expertise in business strategy and the development of the BCG matrix.